St James’s Place Wealth has suffered another week of grim headlines about its advice model, but for rival IFAs and restricted advisers to win business and clients off what is arguably the market leader is easier said than done.
Investors can assess whether a DFM offers value for money by unbundling the DFM’s service into admin costs, market access costs and applied research, and allocating a “reasonable cost to each”, a consultancy claims.
Thousands of financial advisers could fall foul of Mifid II for having the wrong type of intermediary agreement with their discretionary fund managers, the Personal Finance Society has warned.
The offshore platform market is nowhere near as developed as the UK but there is a huge opportunity for platforms and discretionary fund managers (DFMs) to work together, as David Field, Novia Global’s head of customer services, explains.
The Federation of European Independent Financial Advisers (Feifa) has announced a partnership with one of the UK’s largest discretionary investment management firms, Quilter Cheviot.
Brooks Macdonald’s international division has linked up with Hansard International to offer advisers the opportunity to access the Jersey-based wealth and asset manager’s full discretionary fund management offering.
Wealth manager Seven Investment Management (7IM) has launched a new managed investment service for advisers and added new features to its flagship discretionary managed portfolio.
Brooks Macdonald has grown its funds under management to nearly £10bn ($12.8bn, €11.7bn) in the first three months of 2017, signalling a strong start for new chief executive, Caroline Connellan.
Copia Capital Management, the discretionary fund management division of Novia Financial, has launched a range of managed portfolios purpose-built for decumulation.
Openwork is to launch a discretionary fund management (DFM) service in April that will leverage its investment proposition Omnis, which includes strategies run by groups including Woodford Investment Management, Schroders, and Threadneedle.
Five UK discretionary fund management (DFM) firms have formed the DFM Alliance, a partnership offering financial advisers a platform to improve client outcomes through information, education and collaboration.
The UK’s Financial Conduct Authority (FCA) has warned financial advisers, DFMs and pension scheme operators that scammers are becoming increasingly sophisticated in developing products to defeat due diligence efforts.
